Core Viewpoint - F3 Uranium Corp. has opted to settle a portion of the interest accrued under its financing agreement with Denison Mines Corp. through a combination of cash and common shares, indicating a strategic financial maneuver to manage debt obligations [1][2]. Group 1: Debt Settlement Details - The settlement includes a cash payment of $225,000 and the issuance of 556,931 common shares at a deemed price of $0.202 per share [2]. - The debenture carries a 9% coupon, with interest payable quarterly, maturing on October 18, 2028, and is convertible into common shares at Denison's option at a conversion price of $0.56 per share [2]. - F3 may pay up to one-third of the interest in common shares, calculated based on the volume-weighted average trading price over the preceding 20 trading days [2]. Group 2: Regulatory and Approval Aspects - All securities issued in the debt settlement are subject to TSX-V approval and will have a statutory hold period of four months and one day from the issuance date [3]. - The shares-for-debt transaction was approved by the Company's Board of Directors and did not require a formal valuation or minority shareholder approval under Multilateral Instrument 61-101 [3]. Group 3: Company Overview - F3 Uranium Corp. is focused on uranium exploration, particularly in the high-grade JR Zone of its Patterson Lake North Project in the Western Athabasca Basin, which is known for hosting some of the world's largest high-grade uranium deposits [4]. - The company currently holds three properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach [4].